Marymount Manhattan College

Analysis

Marymount Manhattan College is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1962, 64 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Marymount Manhattan College reported income of $83.6m and spending of $88.8m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $86.3m to $83.6m (-3.1%), an average of -0.8% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marymount Manhattan College sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Manhattanville College ($83.3m), The Academy Charter School ($83.6m) and Lawndale Educational and Regional Network Charter School ($83.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $2.0m (2.3% of expenses). Other salaries and wages came to $23.1m. At year end it held assets of $144.0m against liabilities of $59.1m, net assets of $84.9m. It reported 1,115 employees.